Mauritius Regulators to Approve Digital Asset Custodian Licensing Framework

The Financial Services Commission of Mauritius is establishing a regulatory framework for digital asset custodian services.

The Mauritanian Financial Services Commission (FSC) is establishing a regulatory framework for digital asset custodian services, according to an official announcement published on Feb. 8.

The new regulation will be effective as of March 1 and will require custodian services “to comply with the applicable framework for [Anti Money Laundering] AML/CFT [combat financing terrorism] in line with international best practices.“ Harvesh Seegolam, the Chief Executive of the FSC said:

“The FSC is committed to implementing enabling frameworks which facilitate the development of the Mauritius IFC.”

According to the statement, this framework has been developed following consultations with the Organisation for Economic Cooperation and Development (OECD) on the governance and…

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2019-02-08 19:45:00

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